7 News Belize

Petrocaribe Funds Will Prop Up Citrus Industry
posted (April 29, 2015)

And there's also some largesse to go around in the citrus industry where Petrocaribe funds are making three million dollars – and possibly more available to tide farmers over until their final payment comes in. The Prime Minister explained:..

Hon. Dean Barrow – Prime Minister of Belize

"Government, out of Petrocaribe Funds – and the farmers at CPBL were told this – will provide a 2 million dollar working capital facility so that the farmers can get paid now what they are due. They actually need 4 million. We have gone – I have gone to Heritage Bank, and Heritage Bank says it will put up to the other 2. I believe Steve is a man – he has to go to his Board. But, if that doesn't happen, we will give them the entire 4 million dollars. When I say give, they are not asking. It's – CPBL will pay us back."

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